Russia: TAGMET starts producing new pipes

Taganrog Iron and Steel Works has produced a trial batch of pipes with external upset ends for TMK Neftegazservis-Buzuluk.

The first batch of pipes with 73 mm diameter was made at the SMS Meer press.

The need to start producing such pipes was due to the increasing demand from oil industry. (Ukrainian metal)

Russia: copper reserves at over 100 million tons

Russia’s copper reserves were over 100 million tons as of 2015 year-end and they are not depleted at all, Minister of Natural Resources Sergey Donskoi said. “Russia is world’s third by copper resources and overcame the level of 100 million tons in 2015, and is sixth by production, supporting near 4-5% of global production”, Donskoi…

Russia: NLMK Group boosts energy efficiency of hydrogen production

NLMK Group has begun commercial operation of a hydrogen unit that generates hydrogen from natural gas through vapor reforming at VIZ-Steel in Yekaterinburg, where hi-tech transformer (grain-oriented) steel is produced. This project will provide a three-fold reduction in the cost of hydrogen production. The new technology, which replaces expensive electrolysis, requires 30 times less energy…

Metals of Ukraine & Russia: beams (structural steel), June 2016

Month

Russian market, $/t, EXW, without VAT, $1/RUR64.2575*

min

max

May

586

731

June

586

783

* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Russia: ChTPZ pipe sales down in H1 2016

In January-June CHTPZ Group pipe companies (Chelyabinsk pipe-rolling and Pervouralsk New Pipe Works) have shipped 865 thousand tons of steel pipes to consumers, down by 19% YoY, or by 206 thousand tons. The decrease is explained by the drop in the large diameter pipes (LDP) demand. This trend is observed at all major Russian manufacturers.…

Metals of Ukraine & Russia: squares (ordinary steel), June 2016

Month

Ukrainian market, $/t, without VAT, EXW, $1/UAH24.854*

min

max

May

510

565

June

412

429

* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: bad railroad operation to cause $1.8 billion of losses

Because of the Ukrzaliznytsia problems with cargo transportation, metal works suffer from raw materials deficiency and lose market opportunities and export revenues. “Weak spots in railroad infrastructure, shortage of locomotives and fuel, ineffective coordination of Ukrzaliznytsia resources cost our country some $1.8 billion of not received foreign currency revenues in metal sector. And that’s almost…

Ukraine: metal makers to keep output levels

Ukrmetallurgprom forecasts steel output on the level of 2 million tons in September, with pig iron also at 2 million tons and rolled metal at 1.7 million tons. After the drop in June, affected by the railroad strike in Donetsk and Lugansk regions, July saw a certain stabilization of raw materials delivery to metal companies…